SEC Form 4 · accession 0001127602-15-004453
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven McGarry
Officer — Chief Financial Officer
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 10:55 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001032033
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2015 | F | 2,164 | $9.33 | D | 111,729 | D | |
| Common StockF2 | holding | — | — | — | 2,140 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 13, 2012, Mr. McGarry was granted a long-term incentive award of 15,503 restricted stock units ("RSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future, which grant was approved by the Compensation and Personnel Committee (the "Compensation Committee") of the Board of Directors. One third of these RSUs vest and are settled on each of February 3, 2013, February 3, 2014 and February 3, 2015 by delivery of the Company's common stock. On February 3, 2015, 5,168 shares of such RSUs were settled and 332 additional shares were issued to Mr. McGarry pursuant to the related dividend equivalent rights, of which 2,164 shares were withheld by the Company to satisfy Mr. McGarry's tax withholding obligations.
- F2Between May 30, 2014 and January 30, 2015, Mr. McGarry acquired 447.3969 shares of company common stock under the Company's 401(k) plan. The information in this report is based on a plan sponsor statement dated as of January 30, 2015.